LIVE FUTURES REPORT 21/09: LME zinc, copper prices tumble as markets sour on Fed projections

Base metals futures fell on the London Metal Exchange on Monday September 21, with the US markets reacting negatively to the forecast from that country’s Federal Reserve bank (the Fed) that it will keep interest rates largely unchanged at low levels for the next three years.

The price of zinc on the LME for delivery in three months’ time closed at $2,458 per tonne at 5pm on Monday, down by 3.1% from Friday’s level. And LME 3-month copper was down by 1.8% against Friday’s close at a one-week low of $6,691 per tonne. The Standard & Poor’s 500 index of large companies was...

Published

Archie Hunter

September 21, 2020

17:02 GMT

London